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Feb 4, 2013
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. - 3 the steps lawmakers are takkng to reduce thh deficit and promote econooic growth.. 3 just days after news thht the economy as shrunk slightly in the fourth uarter of 2012, presidenn obama says the recovvry issshowwng signn & of growth. the president sat down with c-b-s' scott pelley forrannexccusive innerview aheaddof the superr -3 bowl.marianne rafferty hassmore. 3 ooama says: "housing is 3 going strong, car sales are uu. the truth is overall here were a lottof ositive signs eeonomy is taking a step forward, but some economisss say ii's on a slow path. -3 some say one offthe things polding up progress is folkss in washinggon. president obama is ccaling on lawmakers toowork together on a balanced approach to reduce the deficit and promote economii growth. but continued gridlock may pmpact a deal.dowd: republicans are unwilling to let's ddficit spend in order 3&&pare unwilliig to address -3 government ssending, so they -3 deficit spend, both sides, wwich iswhy the country does not rust washington. -& while thh wwite house and 3 fiscal cciff, the eal alss deferred auuomaticcspend
. - 3 the steps lawmakers are takkng to reduce thh deficit and promote econooic growth.. 3 just days after news thht the economy as shrunk slightly in the fourth uarter of 2012, presidenn obama says the recovvry issshowwng signn & of growth. the president sat down with c-b-s' scott pelley forrannexccusive innerview aheaddof the superr -3 bowl.marianne rafferty hassmore. 3 ooama says: "housing is 3 going strong, car sales are uu. the truth is overall here were a lottof ositive signs...
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Feb 6, 2013
02/13
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WBAL
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it is protected and accumulated $745 billion budget deficit within the next 10 years. after adding in infrastructure needs and retiree obligation, the deficit soars to $2 billion. even if the city use the reserve fund, it would be empty in three years. we will have the mayor's response tonight at 11:00 -- tonight at 5:00 and 6:00. a scenario that is starting to feel too much like a broken record for americans. a deadline will trigger a one trillion dollars in spending cuts over the next 10 years. what this means for regular folks. >> here is what it boils down to, basically. if huge automatic spending cuts kicks in and the economy slows down, all of us will feel the impact. nearly everyone on both sides in washington would like to avoid that, the question is, how? another day, another dollar, another fiscal fight in washington. the issue now, massive spending cuts. it is called sequestration and we were not supposed to get to this point in the first place. >> this was never intended to happen, it was a proposal that was meant to spur lawmakers into action to come up wi
it is protected and accumulated $745 billion budget deficit within the next 10 years. after adding in infrastructure needs and retiree obligation, the deficit soars to $2 billion. even if the city use the reserve fund, it would be empty in three years. we will have the mayor's response tonight at 11:00 -- tonight at 5:00 and 6:00. a scenario that is starting to feel too much like a broken record for americans. a deadline will trigger a one trillion dollars in spending cuts over the next 10...
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Feb 6, 2013
02/13
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we believe there is a better way to reduce the deficit but americans do not support sacrificing real spending cuts for more tax hikes." >>> efforts by the white house to head off spending cuts come as a new government report predicts the budget deficit will drop below $1 trillion for the first time during obama's presidency. the congressional budget office which assumes that the cuts will go into effect march 1st says the government will run a deficit of $845 billion this year. that's compared to $1.1 trillion short fall. the outlook predicts the improvements will not last. it warns that an aging population will drive up retirement spending and rising interest rates will put the debt at unsustainable level it's current laws remain in place, debt by 2023 will equal 77% of gross domestic product. that is roughly double the 39% average seen over the past 40 years. >>> coming off the republicans' bruising defeat, eric cantor is looking to rebrand his party n a speech at a d.c. think tank, he moved away from his combative tone expressing a need to work on issues with president obama impor
we believe there is a better way to reduce the deficit but americans do not support sacrificing real spending cuts for more tax hikes." >>> efforts by the white house to head off spending cuts come as a new government report predicts the budget deficit will drop below $1 trillion for the first time during obama's presidency. the congressional budget office which assumes that the cuts will go into effect march 1st says the government will run a deficit of $845 billion this year....
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Feb 4, 2013
02/13
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WTTG
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they say let's deficit spend. democrats deficit spend. that is why the country does not trust washington. >> reporter: congress is still working to pass a budget that satisfies both the house and the senate. the president says, if lawmakers can agree to work together, the country's budget issues can be resolved. >> there is a way for us to solve these budget in a responsible way through a balanced approach that the vast majority of people agree with. if we do that, there is no reason why we can't have really strong growth in 2013. we can't have washington dysfunction getting in the way. >> reporter: on monday morning, the commerce department is expected to release factory orders for december. the measure indicates the health of the u.s. manufacturing sector. analysts expect an increase of 2.3%. in new york, mary ann rafferty, fox news. >>> good morning. it is 4:30 on this monday, february 4th. taking a live look over washington, d.c., a cold start to your day. there are a lot of people who don't care. good morning. i'm sarah simmons i'm w
they say let's deficit spend. democrats deficit spend. that is why the country does not trust washington. >> reporter: congress is still working to pass a budget that satisfies both the house and the senate. the president says, if lawmakers can agree to work together, the country's budget issues can be resolved. >> there is a way for us to solve these budget in a responsible way through a balanced approach that the vast majority of people agree with. if we do that, there is no...
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Feb 6, 2013
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it doesn't meet the entire deficit, if you will. they're losing $16 billion a year, and this is important. you've got to understand why they're losing it. the biggest reason they're losing so much money is because they, unlike any other government entity, they are forced to pay in advance for the retirement medical benefits of their retirees even before they retire. so as a result, that huge chunk of cash that they have to set aside is costing them a fortune and it is a huge drag on the postal service. second to that, yes, all of us are using e-mail and paying our bills online. and therefore first class mail has dropped off a cliff. however, package delivery has increased dramatically because you and i are shopping online and all of those packages are sent to our homes. so that's been up 14% over two years. so in the view of many, this is the postal service trying to force the hand of congress. congress has had this on their agenda for years and has failed to act, even though the postal service year after year after year comes out a
it doesn't meet the entire deficit, if you will. they're losing $16 billion a year, and this is important. you've got to understand why they're losing it. the biggest reason they're losing so much money is because they, unlike any other government entity, they are forced to pay in advance for the retirement medical benefits of their retirees even before they retire. so as a result, that huge chunk of cash that they have to set aside is costing them a fortune and it is a huge drag on the postal...
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Feb 5, 2013
02/13
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WMAR
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for the first time since president obama took office, the federal deficit will drop below $1 trillion. last friday the down jones closed above 14,000 for the first time in five years. january brought modest job growth and drug dripping gains. for 10 scek tough months -- consecutive months housing prices have gone up. >> we sold 43 homes in the month of january, the best january since twief. >> reporter: the president warned congress to avoid self-inflicted wounds that could stall the economy. karen travers, abc2 news, washington. >>> scammers started making threatening phone calls after a woman turned down a bogus offer. >>> it was probably just a joke but a niner fan could get into trouble after a stunt. the consequence he could face for pointing a laser at a news helicopter. my achy feet made it tough to play with billy. until he got his number. right! the machine showed me my pressure points on my feet, and it gave me my custom number. my arches needed more support. in two minutes, the dr. scholl's foot mapping center showed me my free foot map and my number. i'm a 440. that matche
for the first time since president obama took office, the federal deficit will drop below $1 trillion. last friday the down jones closed above 14,000 for the first time in five years. january brought modest job growth and drug dripping gains. for 10 scek tough months -- consecutive months housing prices have gone up. >> we sold 43 homes in the month of january, the best january since twief. >> reporter: the president warned congress to avoid self-inflicted wounds that could stall...
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Feb 4, 2013
02/13
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and president obama says there's no doubt additional revenue is needed to bring down the deficit but believes it can be done without another tax hike. speaking to cbs news anchor scott pelley yesterday, the president said the u.s. can reduce its deficit by closing tax loopholes and making what he calls smart budget reductions. >> if you combine those things together, then we cannot only reduce our deficit, but we can continue to invest in things like education and research and development that are going to help us grow. >> well, today the president travels to minneapolis where he'll push for proposals to gun control durs his visit. susan mcginnis is in washington. good morning. >> good morning. this will be the president's first trip outside washington to push his gun proposalproposals. he's pushing for a big rally in support of this. in the meantime the senators are said to be preparing their own legislation very similar to the president's employee posal but conspicuously absent is the assault weapons ban. he takes his pitch for gun safety to minneapolis today. he wants congress to
and president obama says there's no doubt additional revenue is needed to bring down the deficit but believes it can be done without another tax hike. speaking to cbs news anchor scott pelley yesterday, the president said the u.s. can reduce its deficit by closing tax loopholes and making what he calls smart budget reductions. >> if you combine those things together, then we cannot only reduce our deficit, but we can continue to invest in things like education and research and development...
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Feb 6, 2013
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the deficit's going down. this year alone, medicare, medicaid, social security and interest on the debt consumes every dollar that washington takes in. this is such a crisis, and it's growing. >> well, this whole idea that don't worry about the debt, you had a little tangle with the krugman a couple of weeks ago. this exposes how wrong the view is. don't worry about the debt because the debt has built to a large number what the congressional budget office is showing is that we're going to be paying a lot of money on that debt, and it's going to crowd out vital public services. and that's why we had to worry about the debt all along. and we didn't. now it's built up. now we're facing reality. i thought it was a little odd. the president said, well, we have to do something, but he didn't offer anything to do because the main part he played was two months ago, he said, let's make the tax cuts permanent, both sides, and now we see, well, you can't afford that. >> you talk about paul krugman -- >> that's what they
the deficit's going down. this year alone, medicare, medicaid, social security and interest on the debt consumes every dollar that washington takes in. this is such a crisis, and it's growing. >> well, this whole idea that don't worry about the debt, you had a little tangle with the krugman a couple of weeks ago. this exposes how wrong the view is. don't worry about the debt because the debt has built to a large number what the congressional budget office is showing is that we're going to...
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Feb 7, 2013
02/13
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WBAL
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. $745 million includes a budget deficit, failing infrastructure as well as health care and pension benefits accounts for $1.30 billion of the potential shortfall. >> if we act now we cabn teens the trajectory. >> the mayor highlights of your key themes for cuts including identifying strategies to align recurring revenues, reducing property and income taxes, addressing infrastructure, and addressing the city's long-term liabilities. the mayor says she will get more specific about what cuts will be made during her state of the city address next week. if you'd like to take a closer look at our report, you can go to our website, wbaltv.com. >> president obama is hoping to get more democrats to support his second term plans. a push that came through annapolis today. he addressed senate democrats at a closed-door retreat. he delivered a preview of next week's state of the union speech in hopes of getting more lawmakers to back his efforts to reform medicare and immigration as well as his budget plans and assault weapons ban. today we learned florida senator marco rubio will deliver the republican
. $745 million includes a budget deficit, failing infrastructure as well as health care and pension benefits accounts for $1.30 billion of the potential shortfall. >> if we act now we cabn teens the trajectory. >> the mayor highlights of your key themes for cuts including identifying strategies to align recurring revenues, reducing property and income taxes, addressing infrastructure, and addressing the city's long-term liabilities. the mayor says she will get more specific about...
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Feb 9, 2013
02/13
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FOXNEWS
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. >> we got that cbo report this past week, 7 trillion dollar in additional deficit and factor in what that 600 billion dollars in tax hikes that the democrats did already push through and how does that balance things? but the point about baltimore is interesting because that's where this nation could possibly be headed. you continue to raise taxes and you don't cut spending and you wind up on the brink of bankruptcy, exactly where that city is. >> you know, ben, you say we're all eventually going to have to pay higher taxes, but as the only item in your play book how to fix your economy it doesn't seem like it's ever going to work. >> i keep thinking if taxes are so terrible, why don't we just have no taxes at all. why don't we pay for-- >> 100% taxes. >> why don't we have no taxes at all and why don't you not interrupt me for once? >> i can't help it. >> why don't we have no taxes at all and why don't we have some some balance in the budget. and for gosh sakes, we're grownup disciplined people and we're supposed to balance the budget not supposed to be like small children. >> okay, c
. >> we got that cbo report this past week, 7 trillion dollar in additional deficit and factor in what that 600 billion dollars in tax hikes that the democrats did already push through and how does that balance things? but the point about baltimore is interesting because that's where this nation could possibly be headed. you continue to raise taxes and you don't cut spending and you wind up on the brink of bankruptcy, exactly where that city is. >> you know, ben, you say we're all...
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Feb 5, 2013
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a balanced approach has achieved more than $2.5 trillion in deficit reduction. that's more than halfway towards the $4 trillion in deficit reduction that economists and elected officials from both parties believe is required to stabilize our debt. so we've made progress. i still believe that we can finish the job with a balanced mix of spending cuts and more tax reform. the proposals that i have put forward during the fiscal cliff negotiations in discussions with speaker boehner and others, are still very much on the table. i just want to repeat, the deals that i put forward, the balanced approach of spending cuts and entitlement reform and tax reform that i put forward are still on the table. i have offered sensible reforms to medicare and other entitlements, and my health care proposals achieved the same amount of savings by the beginning of the next decade as the reforms that have been proposed by the bipartisan bowls simple son fiscal commission. these reforms radio reduce our government's bill. what's up, cameraman? come on, guys. they're breaking my flow a
a balanced approach has achieved more than $2.5 trillion in deficit reduction. that's more than halfway towards the $4 trillion in deficit reduction that economists and elected officials from both parties believe is required to stabilize our debt. so we've made progress. i still believe that we can finish the job with a balanced mix of spending cuts and more tax reform. the proposals that i have put forward during the fiscal cliff negotiations in discussions with speaker boehner and others, are...
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Feb 6, 2013
02/13
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presidente le pidiÓ al congreso que busque maneras de suavisar estos recortes, la idea es que reduzcan el dÉficit. >>> la ayuda continÚa para los damnificados de sandy, a pesar que los fondos fueron aprobados, las quejas crecen de parte de los damnificados, blanca rosa nos dice de quÉ manera. >>> frente a la municipalidad y en medio de las bajas temperaturas, quienes no regresaron a casa fueron a protestar. >>> ahora estoy viviendo en un hotel, antes tenÍa mi apartamento, cuando sandy fue a nueva york se me fue todo, perÍi todo. >>> raquel rivera vite en este hotel pagado por la ciudad de nueva york con su hija de 7 aÑos. >>> no tenemos cocina, necesito comprar comida de afuera. >>> la supertormenta destruyÓ mÁs de 300 mil casas, pero solo 18 mil recibieron ayuda. en nueva jersey 346 mil casas daÑadas, solo 14 mil reparadas. el gobernador dijo que perdÍa la paciencia con las demoras en el reembolso. a una ho aÚn ahora viven mÁs de familias fuera de sus casas. >>> hizo subsidios de renta para 10 mil personas para mississippi pero aquÍ en nueva york no pasÓ. y creo que hay diferentes n
presidente le pidiÓ al congreso que busque maneras de suavisar estos recortes, la idea es que reduzcan el dÉficit. >>> la ayuda continÚa para los damnificados de sandy, a pesar que los fondos fueron aprobados, las quejas crecen de parte de los damnificados, blanca rosa nos dice de quÉ manera. >>> frente a la municipalidad y en medio de las bajas temperaturas, quienes no regresaron a casa fueron a protestar. >>> ahora estoy viviendo en un hotel, antes tenÍa mi...
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Feb 6, 2013
02/13
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WBAL
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john boehner said, "we believe there's a better way to reduce the deficit." part of the proposal has included cuts to entitlement programs like medicare and social security. the president signaled yesterday he may be open to some of those. hallie jackson, wbal-tv 11 news . >> some good news for the housing industry. home prices rose by more than -- the most in six and half years. prices rose by 8.3% in december. prices rose last year in 46 of the 50 states. this helps to fuel the housing recovery. a new study on engaging traffic fines drivers need to allow more time for traffic if they want to arrive on time. everett should add more = = = = = = = = = = = = = = = = = driver should set aside nearly two hours in the washington, d.c., area. that brings us to our water cooler question of the day. what is the worst morning commute you ever had to endure? you can share your response on wbaltv.com, on our facebook page, or send us an e-mail to watercooler@wbaltv.com. the pentagon may offer some benefits to same-sex couples. there is another fiscal showdown on capitol
john boehner said, "we believe there's a better way to reduce the deficit." part of the proposal has included cuts to entitlement programs like medicare and social security. the president signaled yesterday he may be open to some of those. hallie jackson, wbal-tv 11 news . >> some good news for the housing industry. home prices rose by more than -- the most in six and half years. prices rose by 8.3% in december. prices rose last year in 46 of the 50 states. this helps to fuel...
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Feb 6, 2013
02/13
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blue bars are president obama's deficits. those really big bars are when the whole world economy crashed, including ours. remember that? you notice how the deficit gets smaller when the bars are blue over time? see how they're getting shorter as you go to the right? today the congressional budget office released their deficit projection for 2013. so for this upcoming year, the nonpartisan cbo. according to them under president obama the deficit is slated to continue to shrink, as it has been under president obama. but the supposedly gigantic growth of those deficits is why congressional republicans are >>> in march 2007, some of the fine folks at morgan stanley were brainstorming via e-mail about what they wanted to call a new product they were working on. it was an investment package essentially that they would eventually go on to sell to a chinese bank. here are some of the potential product names that were suggested in this brainstorming session by a particular morgan stanley vice president. flutter fish 2007, or mike tyso
blue bars are president obama's deficits. those really big bars are when the whole world economy crashed, including ours. remember that? you notice how the deficit gets smaller when the bars are blue over time? see how they're getting shorter as you go to the right? today the congressional budget office released their deficit projection for 2013. so for this upcoming year, the nonpartisan cbo. according to them under president obama the deficit is slated to continue to shrink, as it has been...
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Feb 6, 2013
02/13
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we should bring the deficit down, but we have time. we should take the cuts off the table and think about how to get the economy going. if people work again, we are on the road to solving the problem. >> to that point and looking at the cuts you have been pointing out to head start and cuts to wic, the women, infant and children nutritional assistant program, they are penny wise and foolish and may be making things worse in the long run. >> i'm glad you raised that, crystal. if you think about the single mom working 12 hours a day and her paycheck does not take her to the end of the month on food. what she realizes and has been a responsible mom, but realizes after she makes the decision to have her child not have an abortion is that her paycheck is not going to help her feed her infant. the women infant children program not only feeds these families, it also teaches them about nutrition and how to be healther and live healthier lives. this is important for families and the economy. we are helping people stay healthy longer and one of
we should bring the deficit down, but we have time. we should take the cuts off the table and think about how to get the economy going. if people work again, we are on the road to solving the problem. >> to that point and looking at the cuts you have been pointing out to head start and cuts to wic, the women, infant and children nutritional assistant program, they are penny wise and foolish and may be making things worse in the long run. >> i'm glad you raised that, crystal. if you...
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Feb 7, 2013
02/13
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. $745 million includes a budget deficit, failing infrastructure as well as health care and pension benefits accounts for $1.30 billion of the potential shortfall. >> if we act now we cabn teens the trajectory. >> the mayor highlights of your key themes for cuts including identifying strategies to align recurring revenues, reducing property and income taxes, addressing infrastructure, and addressing the city's long-term liabilities. the mayor says she will get more specific about what cuts will be made during her state of the city address next week. if you'd like to take a closer look at our report, you can go to our website, wbaltv.com. >> president obama is hoping to get more democrats to support his second term plans. a push that came through annapolis today. he addressed senate democrats at a closed-door retreat. he delivered a preview of next week's state of the union speech in hopes of getting more lawmakers to back his efforts to reform medicare and immigration as well as his budget plans and assault weapons ban. today we learned florida senator marco rubio will deliver the republican
. $745 million includes a budget deficit, failing infrastructure as well as health care and pension benefits accounts for $1.30 billion of the potential shortfall. >> if we act now we cabn teens the trajectory. >> the mayor highlights of your key themes for cuts including identifying strategies to align recurring revenues, reducing property and income taxes, addressing infrastructure, and addressing the city's long-term liabilities. the mayor says she will get more specific about...
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Feb 5, 2013
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joe, you talked about the need to manage down the debt and deficit. we've been for that and we will continue to demonstrate our commitment to fiscal discipline and want the president to join us. we also in all of this, i don't think completed a sentence, we're trying to do this to help people, trying to do it to help the moms and dads having a very difficult time right now. i get it. i'm a parent and get what working parents are going through and trying to address the needs of educatiing childre and the needs of health care costs rising and implementation of the president's health care law and we will talk about trying to make life work again for so many millions of americans. >> let me ask you this, one of the great frustrations, i was on the panel of any national conservative institute and people talking about not only the conservative movement but the republican party. one of the frustrations voiced by bill crystal and john pedoritz -- did i say it right? we complained about dodd-frank but really didn't have a strong alternative to dodd-frank. we c
joe, you talked about the need to manage down the debt and deficit. we've been for that and we will continue to demonstrate our commitment to fiscal discipline and want the president to join us. we also in all of this, i don't think completed a sentence, we're trying to do this to help people, trying to do it to help the moms and dads having a very difficult time right now. i get it. i'm a parent and get what working parents are going through and trying to address the needs of educatiing...
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Feb 5, 2013
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. >> the task is to agree on plans to slash the trillion dollars from the deficit with the deadline of march 1. right now, there's no deal in sight. >> i believe they should at least half a smaller package. >> president obama is calling on congress to pass a short-term measure, a combination of spending cuts and tax measures that would delay sequestration until the start of the next fiscal year. >> there's no reason the jobs of thousands of americans who work in national security or education or clean energy, not to mention the growth of the entire economy should be put in jeopardy just because folks in washington couldn't come together. >> the president says the delay will give congress more time to work out a longer-term deal. >> the sequester is $500 billion in automatic spending cuts over the next 10 years. they have already put it off by two months with the rhythmic -- with a mix of revenues and spending cuts. >> republicans a more tax revenue as out question. house speaker john boehner says americans don't support sacrificing real spending cuts or tax hikes. economists say the st
. >> the task is to agree on plans to slash the trillion dollars from the deficit with the deadline of march 1. right now, there's no deal in sight. >> i believe they should at least half a smaller package. >> president obama is calling on congress to pass a short-term measure, a combination of spending cuts and tax measures that would delay sequestration until the start of the next fiscal year. >> there's no reason the jobs of thousands of americans who work in national...
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Feb 6, 2013
02/13
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public financial managgmmnt million dollars in budget deficits over tte nexx pecade... duee o a wideningg gap bbtween projeeted revenes & and expeeditures.if you add in -3 the citt's infrastructure needs and aalo it's liibiiity forrrrtiree health care &pbenefits... the tooal -3 dollars over 100yyaas.the report goes on to say thht baltimmre's city goveenment -& avoid bannruptcy. -3 p3 we now baltimmre has delt with bbdget deeicits before. you mmy emember ciiy &pgovernment closed a $121 million dollar buget gap in 20-10... bb enacting sooe new taxee... likeethe ttxxon bottled beverages and hiiher hotel and arking levies.but & expertsssay hooe were one- time fixes... and didd't address the loog-term sttuuttal imbalance.the 3 report... prepaaed smilar 3 phiiaaelphia... pittsburgh aad d-c.tte news is expected to be released to the ublic at & today's itt council meettng. 33 the suspect accused of opening fire inside the faaily &&pd-c... will appear in courtt 3p3 floyd corkins theesecond... is scheduled for a statuu hearing....for allegedly shooting a security guurd last summe
public financial managgmmnt million dollars in budget deficits over tte nexx pecade... duee o a wideningg gap bbtween projeeted revenes & and expeeditures.if you add in -3 the citt's infrastructure needs and aalo it's liibiiity forrrrtiree health care &pbenefits... the tooal -3 dollars over 100yyaas.the report goes on to say thht baltimmre's city goveenment -& avoid bannruptcy. -3 p3 we now baltimmre has delt with bbdget deeicits before. you mmy emember ciiy &pgovernment closed...
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Feb 6, 2013
02/13
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blue bars are president obama's deficits. those really big bars are when the whole world economy crashed, including ours. remember that? you notice how the deficit gets smaller when the bars are blue over time? see how they're getting shorter as you go to the right? today the congressional budget office released their deficit projection for 2013. so for this upcoming year, the nonpartisan cbo. according to them under president obama the deficit is slated to continue to shrink, as it has been under president obama. but the supposedly gigantic growth of those deficits is why congressional republicans are committed to us lurching from self-imposed crisis to self-imposed crisis instead of us working this stuff out like adults. the accusation that president obama has grown the deficit giantly since he has been in office is a very politically potent accusation. and when republicans say it, the beltway media tends to write it down as if it was true. it is not true. it has not been true for a very long time, and there is really no ex
blue bars are president obama's deficits. those really big bars are when the whole world economy crashed, including ours. remember that? you notice how the deficit gets smaller when the bars are blue over time? see how they're getting shorter as you go to the right? today the congressional budget office released their deficit projection for 2013. so for this upcoming year, the nonpartisan cbo. according to them under president obama the deficit is slated to continue to shrink, as it has been...
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Feb 6, 2013
02/13
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"we believe there's a better way to reduce the deficit," said john boehner. part of the proposal has included cuts to entitlement programs like medicare and social security. the president signaled yesterday he may be open to some of those. >> where does our debt stand? >> we have run more than $1 chilean in red ink -- $1 trillion. our debt will be $845 billion. busy projection -- that is the projection. >> 5:27. >> city police investigate a triple stabbing that happened near yesterday's victory parade. >> the weather is nice and quiet this morning. >> we are checking on the area roads. the car on the left was filled up with low detergent gasoline. the car on the right was filled up with bp gasoline with invigorate. which helps clean and protect its engine so it can get a few more miles per tank than the car on the left. go a little farther with bp gasoline with invigorate. now you have the power to lower gas prices with the bp visa with pump rewards. apply at choosebp.com >> you're watching wbal-tv 11. live, local, late-breaking. this is 11 news today at 5:00
"we believe there's a better way to reduce the deficit," said john boehner. part of the proposal has included cuts to entitlement programs like medicare and social security. the president signaled yesterday he may be open to some of those. >> where does our debt stand? >> we have run more than $1 chilean in red ink -- $1 trillion. our debt will be $845 billion. busy projection -- that is the projection. >> 5:27. >> city police investigate a triple stabbing that...
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. >> reporter: this comes as new data from the congressional budget office shows the deficit will be under $1 trillion for the first time in five years. republicans say that is still unsustainable because the nation's debt will hit $26 trillion by the year 2023n washington, jennifer davis, fox news. >>> we still have plenty ahead. your weather be traffic and all your top stories. >> fox 5 morning news at 4:30 starts now. >>> we are over the hump or almost over the hump. it is wednesday, hump day. a live look outside washington, d.c. right now. chilly start to your morning. as usual in the wintertime, getting a little interesting and start changing especially in february which is typically the coldest month of the year. just saying. >> here he goes already. >> i'm wisdom martin. >> i'm sarah simmons. welcome to fox 5 morning news. let's say hello to tucker barnes. >> that was an amazing traffic scene up in baltimore. >> really? of a got the san francisco 49ers tie on. what is this about? >> sarah calling him out. >> you weren't supposed to notice that. >> it says something. >> thank y
. >> reporter: this comes as new data from the congressional budget office shows the deficit will be under $1 trillion for the first time in five years. republicans say that is still unsustainable because the nation's debt will hit $26 trillion by the year 2023n washington, jennifer davis, fox news. >>> we still have plenty ahead. your weather be traffic and all your top stories. >> fox 5 morning news at 4:30 starts now. >>> we are over the hump or almost over the...
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that deficit would get even bigger at $2 billion. if you factor in what the city needs for infrastructure repairs and retiree healthcare benefits. according to the report, if the city does not enact major reforms, it will go bankrupt. the 10-year forecast was commissioned by the city from an outside firm in philadelphia. mayor rawlings blake is expected to propose financial reforms next week based on that report. linda stow, abc 2 news. >>> president barack obama will be in the state capitol of annapolis. the president is heading there to address u.s. senate democrats during their annual retreat. the event is an opportunity for each cause to talk about the strategy for the upcoming year and a calmer -- in a calmer setting than our nation's capitol. >>> jurors are still trying to come up with a verdict in the felicia barnes murder trial. day three of deliberations will begin this morning. jurors got the case on monday and spent yesterday going over all the evidence. late in the afternoon they asked to watch two videotapes the state sh
that deficit would get even bigger at $2 billion. if you factor in what the city needs for infrastructure repairs and retiree healthcare benefits. according to the report, if the city does not enact major reforms, it will go bankrupt. the 10-year forecast was commissioned by the city from an outside firm in philadelphia. mayor rawlings blake is expected to propose financial reforms next week based on that report. linda stow, abc 2 news. >>> president barack obama will be in the state...
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Feb 9, 2013
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it's-- we are facing a situation with these deficits that in three or four more years, the deficit's going to be down to 600 or 700 billion dollars a year which is an enormous amount of money and then we're going to have another recession and it's going to go up to 1.5 or even more trillion dollars and we're not going to be able to deal with it and if we have inflation which we're going to have at some point we won't be able to pay the debt service. and now it's in the long run we'll be dead with his policies and that's where we are now, we've got to deal with the long run and forget about the short-term. >> brenda: and john, that's actually only one more quarter of negative gdp we'll be in recession? >> sorry about that. >> all cuts are good as far as i'm concerned, but a meat ax is a little bit of exaggeration, this is more like a butter knife that these cuts are so small, there's nothing there and he what i would like to see is the government take more of a private sector approach, like a businessman and say, let's evaluate what we have 'cause many of these government programs ove
it's-- we are facing a situation with these deficits that in three or four more years, the deficit's going to be down to 600 or 700 billion dollars a year which is an enormous amount of money and then we're going to have another recession and it's going to go up to 1.5 or even more trillion dollars and we're not going to be able to deal with it and if we have inflation which we're going to have at some point we won't be able to pay the debt service. and now it's in the long run we'll be dead...
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crabtree bounces off a few guys in the end from 31 yards, deficit cut. 10 minutes left, 9ers down 31- 23, kaepernick dangerous with those wheels in from 15 oint. the two-point conversion fails but 49ers within two. less than two minutes, this really the game. 9ers down five, 4th and goal, incomplete. kaepernick trying to find crabtree. take another look, see if you see their little penalty there, jimmy smith on the coverage. yeah, they don't call it. john harbaugh with a pumped fist. jim harbaugh says this was what you should have called. no holding penalty. ravens defeat the 49ers in super bowl xlvii, 34-31 to win their second super bowl, first in 12 years, mvp joe flacco. the harbaughs with the postgame meeting. of course, ray lewis is excited, the 17 year vet goes out with a fairytale script winning the super bowl in his final game. >> it's no greater way as a champ to go out on your last ride with the men that i went out with my teammates and you looked around this stadium and baltimore, baltimore, we brought it home, baby! >> we don't make it easy, but that's the way the city of
crabtree bounces off a few guys in the end from 31 yards, deficit cut. 10 minutes left, 9ers down 31- 23, kaepernick dangerous with those wheels in from 15 oint. the two-point conversion fails but 49ers within two. less than two minutes, this really the game. 9ers down five, 4th and goal, incomplete. kaepernick trying to find crabtree. take another look, see if you see their little penalty there, jimmy smith on the coverage. yeah, they don't call it. john harbaugh with a pumped fist. jim...
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Feb 6, 2013
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would that help solve the $16 billion deficit that the usps has? >> there have been other agreements with the other unions who have done the same thing. step to the plate. look at a lower pay for those employees, incoming employees. the unions have done that. >> okay. >> the unions have worked with the postal service to do that. we need to look a the at increasing business, not cutting and slashing but increasing business and have six-day delivery. >> okay. >> and increase our service to the american public. >> ma'am, i'm going to let you go he, but the quinnipiac coal had americans voting four to one in favor of eliminating the first class mail service. we're going to have to leave it there. >> thank you very much. >>> thank you. >>> unions want him out of the job. what's the post master general have to say about that? patrick donohoe will be a special guest at 8 p.m. on fbn. don't miss that. >>> can states force law abiding gun owners to pay for future victims of crime? they're about to try. straight from the congressional budget office, he signe
would that help solve the $16 billion deficit that the usps has? >> there have been other agreements with the other unions who have done the same thing. step to the plate. look at a lower pay for those employees, incoming employees. the unions have done that. >> okay. >> the unions have worked with the postal service to do that. we need to look a the at increasing business, not cutting and slashing but increasing business and have six-day delivery. >> okay. >> and...
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Feb 7, 2013
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and it's estimated to reduce the deficit by $3.3 trillion. remember, we're trying to hit $4 trillion. so we're getting closer. the plan ends tax loopholes for yachts and for jets. it reduces the corporate meal and entertainment deduction to 25%. you can't write off the whole dinner anymore. it ends fossil fuel subsidies for oil companies that are raking in massive profits. exxonmobil, you know what their profit was? $44 billion in 2012. the last thing they need right now is your tax dollars as subsidy. the balancing act also closes other pointless loopholes the rich take advantage of. we should point out mitt romney ran on a similar tax plan. his former running mate paul ryan should love the balancing act because it reduces the deficit. everyone inside the beltway considers mr. ryan just a very serious person. but here is how paul ryan wants to reduce the deficit, with nothing but cuts. and here is the balanced approach from the progressive caucus. you know, when we need budget advice in the future, i think we should kind of push paul ryan of
and it's estimated to reduce the deficit by $3.3 trillion. remember, we're trying to hit $4 trillion. so we're getting closer. the plan ends tax loopholes for yachts and for jets. it reduces the corporate meal and entertainment deduction to 25%. you can't write off the whole dinner anymore. it ends fossil fuel subsidies for oil companies that are raking in massive profits. exxonmobil, you know what their profit was? $44 billion in 2012. the last thing they need right now is your tax dollars as...
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but increasing taxes a bit, not coming to the big deficit deal. the private sector and even the markets don't seem all that concerned. the last week should cause a lot of people in washington to re-think what they're doing. i am not optimistic that will happen. joining me now, former economic adviser to vice president joe biden, jared bernstein, a man who is always re-thinking what he is doing, how are you? >> i'm fine, ezra. >> and what else did you see in the reports? you got a good eye, what caught yours? >> one thing i saw was the revisions to last year's employment growth was such that i thought we were adding 150,000 jobs a month in 2012. i thought it was okay. turns out we're adding 180,000 jobs per month last year. so we did a bit better. over 2 million jobs on the year. now on the gdp side, most economists, don't think it will stick. i think it it volatility, i think there were unusual things that happened. in the quarter to quarter changes, it is better to look year over year. >> and do you mean what happens in a month or two we'll get t
but increasing taxes a bit, not coming to the big deficit deal. the private sector and even the markets don't seem all that concerned. the last week should cause a lot of people in washington to re-think what they're doing. i am not optimistic that will happen. joining me now, former economic adviser to vice president joe biden, jared bernstein, a man who is always re-thinking what he is doing, how are you? >> i'm fine, ezra. >> and what else did you see in the reports? you got a...
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the president told super bowl fans reducing the deficit will require more taxes. >> can we combine some smart spending cuts because there's still some waste in government, can we reform our health care programs in particular and can we close loopholes and productions that folks who are well connected and have a lot of accountants can take advantage of. there's no doubt we need additional revenue coupled with smart spending reductions in order to bring down our deficit. >> president also warned congress about the danger of alowing the sequester to go into effect. >> washington cannot continually operate under a cloud of crisis. that freezes up consumers, gets businesses worried. we can't afford the self-inflicted wounds. >> no another tweet david plouffe said message delivered to big audience on balanced budget, deficit reduction, economy growth. on abc, an unlikely name was invoked for direction. >> i think what we need to do is do some things mitt romney taungd abo talked about. he said there are tax loopholes that should be closed. there are efforts being made to only get rid of the s
the president told super bowl fans reducing the deficit will require more taxes. >> can we combine some smart spending cuts because there's still some waste in government, can we reform our health care programs in particular and can we close loopholes and productions that folks who are well connected and have a lot of accountants can take advantage of. there's no doubt we need additional revenue coupled with smart spending reductions in order to bring down our deficit. >> president...
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the cuts take effect on march 1 unless congress can agree on a deficit-reduction plan. sally kidd has the latest on the republican plan from our washington bureau. >> republican members of the house and senate armed services committee say their proposal would achieve $85 billion in savings without raising taxes. the republican plan calls for reduction in the federal work force through attrition and a pay freeze for members of congress. >> this is the way of doing it without cutting defense is -- defenses and without raising taxes. >> sequestration will be delayed for one year while congress works on a long-term deficit reduction plan. >> every discussion we occurred from the president seems to begin and end with tax increases. >> the white house says the gop plan is not balanced. >> they do not have the support of the american people. compromise solutions have the support of the american people. >> without action by march 1, $500 billion in arbitrary and across-the-board cuts to defense and domestic programs will take effect. >> this is not a game. >> leanne panetta acc
the cuts take effect on march 1 unless congress can agree on a deficit-reduction plan. sally kidd has the latest on the republican plan from our washington bureau. >> republican members of the house and senate armed services committee say their proposal would achieve $85 billion in savings without raising taxes. the republican plan calls for reduction in the federal work force through attrition and a pay freeze for members of congress. >> this is the way of doing it without cutting...
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city oo sound 3 pbell ii heee withhsome solutions, jeef.... 3 -3 3 right now, the city is facing 3 deficit..... and according to city consultants, that will billion dollars in the next &pdecade if thh city oeen't change its course..- he mmyor delivered the news yesterray when she releassd a grim forecast of the city's financial future. pith the highest taxes in the pttte....always seem toobe broke? the mayor blamee &pheallhhcare and pension costs 3 tonight, sme critics are blamiig city leaderssfor &pcrrating a pension rogram which....they cannot fund. -33 3 2:19:48would put so much eephasisson retirement - benefits, when you doostatic workkorce." & tonight attten, 33&p tonight at ten, we'll pake a hard look at the siie offcity governmmnt. the city may be shrinking....but is youu overnment ssrrnking too....:? jjff abell, foo p5, ews at five. 3 a... judge ...has dismissed a lawsuit... & over the mmyyr's lan... to install a phone systtmm.. for baltimore city eeployees. employees.the suit... -3& wws... filed by 33 ppatt..../she claimed... mayor ...administration... 3 poopetitiveebidding proces
city oo sound 3 pbell ii heee withhsome solutions, jeef.... 3 -3 3 right now, the city is facing 3 deficit..... and according to city consultants, that will billion dollars in the next &pdecade if thh city oeen't change its course..- he mmyor delivered the news yesterray when she releassd a grim forecast of the city's financial future. pith the highest taxes in the pttte....always seem toobe broke? the mayor blamee &pheallhhcare and pension costs 3 tonight, sme critics are blamiig city...
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. >> i want to listen to something that john boehner said about how we have handled deficits over the years. let's listen to this. >> at some point, washington has to deal with its spending problem. now, i've watched them kick this can down the road 22 years that i've been here. i've had enough of it. it's time to act. >> that is -- i'm trying to think of a word other than lie. kick the can down the road? we had a big tax increase in 1993 with president clinton along with big spending cuts. >> right. >> it was a deficit reduction package that worked. they continued to do more deficit reducing package with newt gingrich on the spending side throughout the decade and we're on our way to a surplus. >> that's right. i've been calling it the undecade, the 1990s has been written out of their record. they would have you believe that it was always the way it was under reagan and then bush. >> why don't they just say, leave off the clinton tax increase, which helped a lot, and just claim they did it for spending cuts? >> because if they do, if they admit that something nice happened in the '90
. >> i want to listen to something that john boehner said about how we have handled deficits over the years. let's listen to this. >> at some point, washington has to deal with its spending problem. now, i've watched them kick this can down the road 22 years that i've been here. i've had enough of it. it's time to act. >> that is -- i'm trying to think of a word other than lie. kick the can down the road? we had a big tax increase in 1993 with president clinton along with big...
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look at the cut of session of republicans. >> we have worked all year to reduce our budget deficit and to cut spending. >> we have reduced the size and role of government. we've got to cut spending. >> we'll continue to work on finding smarter ways to cut spending. >> spend less. >> when we know. when we know in terms of very clear, empirical evidence that austerity measures makes things worse. they will tell you as we saw governor romney do. corporations are people, my friend. and say governments don't create jobs. governments not only create them, but if we had allowed government spending to stay and to stimulate it, we would be in a position where we would have a much lower unemployment rate. >> much lower and much more money out there consumers, people be spending money because they'd have it. and it would go back in the system. dana, melissa, thanks for your time. and be sure to watch melissa harris perry saturdays and sundays 10:00 a.m. here on 34rks snbc. >> coming up, what a day in politics. scott brown is not running and now geraldo rivera may be geraldo? >>> plus, george bush
look at the cut of session of republicans. >> we have worked all year to reduce our budget deficit and to cut spending. >> we have reduced the size and role of government. we've got to cut spending. >> we'll continue to work on finding smarter ways to cut spending. >> spend less. >> when we know. when we know in terms of very clear, empirical evidence that austerity measures makes things worse. they will tell you as we saw governor romney do. corporations are...
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americans are about to find out what happens when an entire political party demands deficit reduction at all costs because those costs will be enormous. that being an editorial. the economic impact of all of this, when we look at that, when does it really trump political fears that this is a real reality? >> it might never trump political fears. have you noticed politicians being so worried about preserving the economy the last couple years? we could hit, and it's worth saying we have not actually come to one of these cliffs or deadlines where we have gone over. we didn't shut down the government in february 2011, didn't breach the debt ceiling in august 2011, didn't go over the fiscal cliff for very long in january of 2012, and we very likely and at least could kick off the debt ceiling for a couple months so far, so so far we haven't actually gone over any of these, nor have we come to permanent solutions. either we'll have to come to permanent solution or eventually sometime, somewhere, we are going to have to go over one of these cliffs because there won't be another option. >> we
americans are about to find out what happens when an entire political party demands deficit reduction at all costs because those costs will be enormous. that being an editorial. the economic impact of all of this, when we look at that, when does it really trump political fears that this is a real reality? >> it might never trump political fears. have you noticed politicians being so worried about preserving the economy the last couple years? we could hit, and it's worth saying we have not...
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he wants to do some long-term spending reduction on the de deficit. republicans say don't trust him. i don't think republicans will be swayed by the cbo report. they have what they see as a mandate from voters, cut spending. >> let me bring in congressman john yarmuth. what would you like to see? >> i think some of the spending you mentioned could be very youthful. some of the farm subsidies that are unjustified. i'd like to consider a securities transaction pack, the so called wall street packs that can raise tens of billions of dollars. and we can do some cutting, but in that cbo report that you mentioned, it also said that the kind of austerity program which the sequester would represent would be damaging to the recovery, would hurt gdp, and, of course, that's in line with what most economists believe. i think we've got to be very careful when we just say we've got a cut, without regard to the impact of those cuts, both on the economy and on some very important programs. >> you know what the republicans' answer to that is. they say one of the conce
he wants to do some long-term spending reduction on the de deficit. republicans say don't trust him. i don't think republicans will be swayed by the cbo report. they have what they see as a mandate from voters, cut spending. >> let me bring in congressman john yarmuth. what would you like to see? >> i think some of the spending you mentioned could be very youthful. some of the farm subsidies that are unjustified. i'd like to consider a securities transaction pack, the so called wall...
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or so more jobs a month but hardly enough and remember the seasonal adjuster factor affect bd i the deficit. >> one last question to you both. we did not extend the payroll tax this past year. what affect in the numbers from that? >> well, it is a little soon to really figure that out. i mean, it is true now that you mention it that the 157 in january is significantly off the pace of job creation in november and december. >> right. >> but i am quite certain that, you know, taking over 100 billion out of the 2013 economy already a bit wobbly by my lights is going to cost us on the growth and jobs side. >> yeah. one of the telling things was that in december there was a big jump in personal income because of people getting bonuses early and things like that. but spending didn't go up very much. and economists are expecting weak retail numbers for january. i think it's the seasonal adjustment factors again. my feeling is to see a drag in the third quarter. excuse me, the first quarter. and then have to be carried by the recovery of government spending because i don't think we have another drag
or so more jobs a month but hardly enough and remember the seasonal adjuster factor affect bd i the deficit. >> one last question to you both. we did not extend the payroll tax this past year. what affect in the numbers from that? >> well, it is a little soon to really figure that out. i mean, it is true now that you mention it that the 157 in january is significantly off the pace of job creation in november and december. >> right. >> but i am quite certain that, you...
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this deficit is a real problem. this is where i depart from paul. who am i to depart from paul? a nobel laureate. >> we'll ask him. >> this is about the best deal we'll get out of the right-winged crazy people in the house. >> because it's balanced and -- >> it doesn't really touch -- there's no better deal progressives are going to get out of this other than going over the cliff. >> i'm so worried about austerity and -- >> europeans did it wrong. we had throw years of recovery relative to europe. if we're ever going to take the hit this is a better time to take t if this were three years ago, i would be arguing right with you. i think we can take a chance. when are we going to get the chance to take these cuts in the pentagon or take a bite out of the deficit? i think it's worth it. >> now twittering dean quester. >> if he would stop blaming someone else other than himself and man up and take responsibility. >> kris hayes, i'm sure your guests will have much more explaining on kicking the can down the road. >> thank you. >>> ousted fox news contributor says he's on a mission fo
this deficit is a real problem. this is where i depart from paul. who am i to depart from paul? a nobel laureate. >> we'll ask him. >> this is about the best deal we'll get out of the right-winged crazy people in the house. >> because it's balanced and -- >> it doesn't really touch -- there's no better deal progressives are going to get out of this other than going over the cliff. >> i'm so worried about austerity and -- >> europeans did it wrong. we had...
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boehner says he doesn't want another temporary fix if there's no long-term agreement to reduce the deficit. some house republicans have indicated they will let the steep automatic cuts take effect. those would take a huge bite out of military and domestic programs. >>> democrats in the virginia state senate have rejected two amendments that would have provided funding for transportation projects in the state. one of the amendments would replace governor mcdonnell's retail sales tax increase with a narrow 5.5% wholesale tax on gasoline. the second amendment would have set the retail fuel tax at 8%. governor mcdonnell issued a statement which said clearly this was all about partisanship, not policy and virginians deserve far better from their elected officials. >>> d.c. mayor gray vincent unveiled new proposals in his annual state of the district address. >> we are growing more than in decades with 30,000 new residents in the last two years, a growth rate of more than 1100 net new residents per month. >> the mayor proposed spending millions of dollars to build and preserve affordable housing
boehner says he doesn't want another temporary fix if there's no long-term agreement to reduce the deficit. some house republicans have indicated they will let the steep automatic cuts take effect. those would take a huge bite out of military and domestic programs. >>> democrats in the virginia state senate have rejected two amendments that would have provided funding for transportation projects in the state. one of the amendments would replace governor mcdonnell's retail sales tax...
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what about deficits? we have a jobs crisis in this country. not a deficit crisis. to me, the whole conversation has been pushed to the right further than it should be. >> and karen, on a last note, in anticipation of the president's speech, the white house released numbers on the people affected by the cuts. i believe around 600,000, between 600,000 and 800,000 suffering as a result of cuts to food stamps and other program that is people need to survive these days and at least some of the analysis out there, democrats feel that they can win this argument over these cuts and that it's likely we're going to hear from the president words like corporate jets, big oil in the state of the union positioning the every day working people against those against who says he not paying their fair share. >> i think there was an interesting speech this week earlier from eric cantor, the house majority leader. i think people want to hear about more than just the deficit numbers but really concrete measures that are going to be enacted to make their lives better and what people are
what about deficits? we have a jobs crisis in this country. not a deficit crisis. to me, the whole conversation has been pushed to the right further than it should be. >> and karen, on a last note, in anticipation of the president's speech, the white house released numbers on the people affected by the cuts. i believe around 600,000, between 600,000 and 800,000 suffering as a result of cuts to food stamps and other program that is people need to survive these days and at least some of the...